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River Terrace Mobile Home Park and Campground 1335 W River St 179 Unit Mobile Home Park $8,500,000 ($47,486/Unit) 6.73% Cap Rate Monticello, MN 55362
Executive Summary
River Terrace Park and Campground is located along the beautiful west bank of the Mississippi River. The property is a quiet and secluded community in close proximity to downtown Monticello. It is comprised of 87 campground/RV sites and a 92-unit mobile home park. Please see offering memorandum for complete details.
Mobile Home Park Property Details:
- Upper mobile home park acquired in September 2024 to improve scale.
- Occupancy: 93%
- Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC, 92 total sites plus duplex rental home.
- Large commercial playground with 23 activities.
- Monthly rates with sewer, water, and trash.
- Large fishing pier overlooking the Mississippi River.
- 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower level rent: $1,350/mo. Upper level rent: $1,650.
- Roads and pads approximately 90% paved.
Campground/RV Property Details:
- 87 total sites.
- Daily, weekly, and monthly rates.
- Common restrooms with full showers.
- Coin operated laundromat.
- Self-service RV wash.
- 67 @ 20/30 amp & 20 @ 20/30/50 amp.
- Camp store + annex.
Mobile Home Park Property Details:
- Upper mobile home park acquired in September 2024 to improve scale.
- Occupancy: 93%
- Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC, 92 total sites plus duplex rental home.
- Large commercial playground with 23 activities.
- Monthly rates with sewer, water, and trash.
- Large fishing pier overlooking the Mississippi River.
- 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower level rent: $1,350/mo. Upper level rent: $1,650.
- Roads and pads approximately 90% paved.
Campground/RV Property Details:
- 87 total sites.
- Daily, weekly, and monthly rates.
- Common restrooms with full showers.
- Coin operated laundromat.
- Self-service RV wash.
- 67 @ 20/30 amp & 20 @ 20/30/50 amp.
- Camp store + annex.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,500,000 | Building Class | C |
| Price Per Unit | $47,486 | Lot Size | 25.16 AC |
| Sale Type | Investment | Building Size | 2,911 SF |
| Cap Rate | 6.73% | Average Occupancy | 93% |
| No. Units | 179 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | County Use - Sect-03 Twp-121 Range-025 UNPLATTED LAND MONTICELLO1 48. AC TH PT OF GOV LT4&PT OF W40A OF GOV LT3 LY N OF CTR OF CK DES BEG AT CTR OF NW1/4 OF SEC 3 | ||
| Price | $8,500,000 |
| Price Per Unit | $47,486 |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| No. Units | 179 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 25.16 AC |
| Building Size | 2,911 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1978 |
| Zoning | County Use - Sect-03 Twp-121 Range-025 UNPLATTED LAND MONTICELLO1 48. AC TH PT OF GOV LT4&PT OF W40A OF GOV LT3 LY N OF CTR OF CK DES BEG AT CTR OF NW1/4 OF SEC 3 |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
- Waterfront
- Car Wash Area
- Gameroom
- Recycling
- Volleyball Court
- Walking/Biking Trails
- Wi-Fi
- Dock
- Lake Access
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 155-500-031300 | Total Assessment | $2,583,600 (2025) |
| Land Assessment | $2,508,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $75,600 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
155-500-031300
Land Assessment
$2,508,000 (2025)
Improvements Assessment
$75,600 (2025)
Total Assessment
$2,583,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
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River Terrace Mobile Home Park and Campground | 1335 W River St
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